As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The global bacon market is expected to grow in the forecast period of 2022-2027 at a CAGR of 4.3%.
The demand for bacon has significantly risen during the onset of the COVID-19 pandemic, hence, propelling the market growth. Moreover, stockpiling of food products owing to stay-at-home orders led to a surge in demand for bacon, which is augmenting the industry growth. As the preference for nutritious and healthy food products is rising, the demand for ready-to-eat bacon is escalating, therefore further invigorating the industry growth. In addition, the growing demand for comfort food due to increasing mental strain is surging the demand for bacon, which is a traditional food in regions such as the United States, Canada, and the United Kingdom, among others.
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The rising popularity of various dietary trends such as whole 30, keto, and paleo diets, especially among the millennial and Gen-Z population, is increasing the demand for meat-based products. This, in turn, is increasing the demand for bacon for nutritional requirements, therefore bolstering the industry growth. The trend of home-cooked meals, especially amidst the pandemic, is also surging the consumption of traditional bacon, which is providing a further impetus to the market growth.
Bacon is a type of pork that is typically made from pork belly or the side of a pig. It is cured, dried, pickled, and smoked for consumption. It is extensively incorporated in various meals, such as soups, salads, and sandwiches, among others.
The market can be broadly categorised on the basis of its product types into:
The major distribution channels of bacon are:
The EMR report looks into the regional markets of bacon like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The launch of smaller bacon products such as stripes, pieces, and bits, among others, by the leading companies is significantly contributing to the market growth. The development of various food products containing bacon providing diverse and innovative flavours and textures is expected to augment the market growth. Moreover, innovative and sustainable packaging solutions of bacon offered by the leading companies to enhance its appeal among the environmentally conscious population are projected to propel the market growth . In addition, the development of gluten-free and low-calorie bacon is estimated to fuel the market growth in the forecast period.
Although the market growth can be hindered by the rising demand for cruelty-free products. However, various research and development (R&D) activities initiated to develop cultured bacon by extracting pig cells and activating them to grow into specific muscles are anticipated to boost the growth of the bacon industry. Moreover, the rising demand for fully cooked bacon varieties that can offer faster and convenient ways to acquire superior quality bacon with enhanced taste is also expected to propel the market growth. The growing incorporation of bacon in staple food, such as sandwiches, salads, and burgers, among other snacks, is increasing its demand, providing further impetus for the anticipated market growth in the coming years.
The report presents a detailed analysis of the following key players in the global bacon market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Distribution Channel, Region|
|Breakup by Product Type||Standard Bacon, Ready-to-Eat Bacon|
|Breakup by Distribution Channel||Foodservice Channel, Retail Channel|
|Breakup by Region||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Hormel Foods Corporation, Tyson Foods Inc., The Kraft Heinz Company, Fresh Mark Inc., Maple Leaf Food, Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Bacon Market Analysis
8.1 Key Industry Highlights
8.2 Global Bacon Historical Market (2017-2021)
8.3 Global Bacon Market Forecast (2022-2027)
8.4 Global Bacon Market by Product Type
8.4.1 Standard Bacon
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.4.2 Ready-to-Eat Bacon
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.5 Global Bacon Market by Distribution Channel
8.5.1 Foodservice Channel
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
126.96.36.199 Breakup by Type
188.8.131.52.1 Full-Service Restaurants
184.108.40.206.1.1 Market Share
220.127.116.11.1.2 Historical Trend (2017-2021)
18.104.22.168.1.3 Forecast Trend (2022-2027)
22.214.171.124.2 Quick Service Restaurants
126.96.36.199.2.1 Market Share
188.8.131.52.2.2 Historical Trend (2017-2021)
184.108.40.206.2.3 Forecast Trend (2022-2027)
220.127.116.11.3 Cafes and Bars
18.104.22.168.3.1 Market Share
22.214.171.124.3.2 Historical Trend (2017-2021)
126.96.36.199.3.3 Forecast Trend (2022-2027)
8.5.2 Retail Channel
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
18.104.22.168 Breakup by Type
22.214.171.124.1.1 Market Share
126.96.36.199.1.2 Historical Trend (2017-2021)
188.8.131.52.1.3 Forecast Trend (2022-2027)
184.108.40.206.2 Speciality Stores
220.127.116.11.2.1 Market Share
18.104.22.168.2.2 Historical Trend (2017-2021)
22.214.171.124.2.3 Forecast Trend (2022-2027)
126.96.36.199.3 Online Stores
188.8.131.52.3.1 Market Share
184.108.40.206.3.2 Historical Trend (2017-2021)
220.127.116.11.3.3 Forecast Trend (2022-2027)
8.6 Global Bacon Market by Region
8.6.1 Market Share
18.104.22.168 North America
22.214.171.124 Asia Pacific
126.96.36.199 Latin America
188.8.131.52 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
184.108.40.206 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
220.127.116.11 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Manufacturing Process
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Hormel Foods Corporation
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13.2.2 Tyson Foods Inc.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
13.2.3 The Kraft Heinz Company
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13.2.4 Fresh Mark Inc.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
13.2.5 Maple Leaf Food
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
14 Industry Events and Developments
List of Figures and Tables
1. Global Bacon Market: Key Industry Highlights, 2016 and 2026
2. Global Bacon Historical Market: Breakup by Product Type (USD Million), 2017-2021
3. Global Bacon Market Forecast: Breakup by Product Type (USD Million), 2022-2027
4. Global Bacon Historical Market: Breakup by Distribution Channel (USD Million), 2017-2021
5. Global Bacon Market Forecast: Breakup by Distribution Channel (USD Million), 2022-2027
6. Global Bacon Historical Market: Breakup by Region (USD Million), 2017-2021
7. Global Bacon Market Forecast: Breakup by Region (USD Million), 2022-2027
8. North America Bacon Historical Market: Breakup by Country (USD Million), 2017-2021
9. North America Bacon Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Europe Bacon Historical Market: Breakup by Country (USD Million), 2017-2021
11. Europe Bacon Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Asia Pacific Bacon Historical Market: Breakup by Country (USD Million), 2017-2021
13. Asia Pacific Bacon Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Latin America Bacon Historical Market: Breakup by Country (USD Million), 2017-2021
15. Latin America Bacon Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Middle East and Africa Bacon Historical Market: Breakup by Country (USD Million), 2017-2021
17. Middle East and Africa Bacon Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Global Bacon Market Structure
The global bacon market is projected to grow at a CAGR of 4.3% between 2021 and 2026.
The market is being driven by the rising demand for bacon during the COVID-19 pandemic, and the growing trend of home-cooked meals.
The market is expected to be aided by the launch of various innovative bacon products, the rising development of lab-grown bacon, and the growing incorporation of bacon in staple food products.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major product types of bacon in the industry are standard bacon and ready-to-eat bacon.
The significant distribution channels in the market are foodservice channel and retail channel.
The major players in the industry are Hormel Foods Corporation, Tyson Foods Inc., The Kraft Heinz Company, Fresh Mark Inc., and Maple Leaf Food, among others.
The global bacon market is being driven by the growing prevalence of various dietary trends. Aided by the rising popularity of meat-free bacon, the market is expected to witness a healthy growth in the forecast period of 2022-2027, growing at a CAGR of 4.3%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product types, the bacon industry can be segmented into standard bacon and ready-to-eat bacon. On the basis of distribution channels, the industry is divided into foodservice channel and retail channel. The major regional markets for bacon are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Hormel Foods Corporation, Tyson Foods Inc., The Kraft Heinz Company, Fresh Mark Inc., and Maple Leaf Food, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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